Common use of Services of Sub-Adviser Clause in Contracts

Services of Sub-Adviser. The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of the Fund, including but not limited to: (a) Managing, in its discretion, the investment and reinvestment of all assets, now or hereafter acquired by the Fund, including determining what securities and other investments are to be purchased or sold for the Fund and executing transactions accordingly; (b) Transmitting trades to the Fund's custodian for settlement in accordance with the Fund's procedures and as may be directed by the Trust; (c) Assisting in the preparation of all shareholder communications, including shareholder reports, and participating in shareholder relations; (d) Making determinations as to the manner in which voting rights and/or any other rights pertaining to the Fund's securities holdings shall be exercised; provided, however, that any such determinations shall be subject to any policies, procedures or directives approved by the Board and provided to the Sub-Adviser; (e) Attending and participating in discussions and meetings with the Adviser with respect to Fund investment policies and procedures, and carrying out such investment policies and procedures as are approved by the Board, or by the Adviser under authority delegated by the Board to the Adviser, and provided to the Sub-Adviser; (f) Supplying reports, evaluations, analyses, statistical data and information to the Adviser, the Board or to the Fund’s officers and other service providers as the Adviser or the Board may reasonably request from time to time or as may be necessary or appropriate for the operation of the Trust as an open-end investment company or as necessary to comply with Section 3(a) of this Agreement; (g) Maintaining all required books and records with respect to the investment decisions, proxy voting and securities transactions for the Fund; (h) Furnishing any and all other services, subject to review by the Board, that the Adviser from time to time determines to be necessary or useful to perform its obligations under the Management Agreement or as the Board may reasonably request from time to time; and (i) Provide information to the Trust’s Liquidity Program Administrator in support of each Fund’s compliance with Rule 22e-4.

Services of Sub-Adviser. The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of the Fundeach Portfolio, including but not limited to: (a) Managing, in its discretion, Managing the investment and reinvestment of all assets, now or hereafter acquired by the Fundeach Portfolio, including determining what securities and other investments are to be purchased or sold for the Fund each Portfolio and executing transactions accordingly, provided, however, that with respect to Nations Asset Allocation Portfolio, the Sub-Adviser will manage such Portfolio's equity investments, as a percentage of such Portfolio as may be determined from time-to-time by Banc of America Capital Management, LLC; (b) Transmitting trades to the Fundeach Portfolio's custodian for settlement in accordance with the Fundeach Portfolio's procedures and as may be directed by the Trust; (c) Assisting in the preparation of all shareholder communications, including shareholder reports, and participating in shareholder relations; (d) Making determinations recommendations as to the manner in which voting rights, rights and/or to consent to Portfolio action and any other rights pertaining to the Fundeach Portfolio's portfolio securities holdings shall be exercised; provided, however, that any such determinations shall be subject to any policies, procedures or directives approved by the Board and provided to the Sub-Adviser; (e) Attending and participating in discussions and meetings with Making recommendations to the Adviser and the Board with respect to Fund Portfolio investment policies and procedures, and carrying out such investment policies and procedures as are approved by the Board, Board or by the Adviser under authority delegated by the Board to the Adviser, and provided to the Sub-Adviser; (f) Supplying reports, evaluations, analyses, statistical data and information to the Adviser, the Board or to the Fund’s Portfolios' officers and other service providers as the Adviser or the Board may reasonably request from time to time or as may be necessary or appropriate for the operation of the Trust as an open-end investment company or as necessary to comply with Section 3(a) of this Agreement; (g) Maintaining all required books and records with respect to the investment decisions, proxy voting decisions and securities transactions for the Fundeach Portfolio; (h) Furnishing any and all other services, subject to review by the Board, that the Adviser from time to time determines to be necessary or useful to perform its obligations under the Management Investment Advisory Agreement or as the Board may reasonably request from time to time; and (i) Provide information to the Trust’s Liquidity Program Administrator in support of each Fund’s compliance with Rule 22e-4-to-time.

Services of Sub-Adviser. The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of the Fundeach Portfolio, including but not limited to: (a) Managing, in its discretion, Managing the investment and reinvestment of all assets, now or hereafter acquired by the Fundeach Portfolio, including determining what securities and other investments are to be purchased or sold for the Fund each Portfolio and executing transactions accordingly; (b) Transmitting trades to the Fundeach Portfolio's custodian for settlement in accordance with the Fundeach Portfolio's procedures and as may be directed by the Trust; (c) Assisting in the preparation of all shareholder communications, including shareholder reports, and participating in shareholder relations, as reasonably requested by the Adviser or the Trust; (d) Making recommendations, or making determinations under authority delegated by the Adviser or the Trust, as to the manner in which voting rights, rights and/or to consent to Portfolio action and any other rights pertaining to the Fundeach Portfolio's portfolio securities holdings shall be exercised; provided, however, that any such determinations shall be subject to any policies, procedures or directives approved by the Board and provided to the Sub-Adviser; (e) Attending and participating in discussions and meetings with Making recommendations to the Adviser and the Board with respect to Fund Portfolio investment policies and procedures, and carrying out such investment policies and procedures as are approved by the Board, Board or by the Adviser under authority delegated by the Board to the Adviser, and provided to the Sub-Adviser; (f) Supplying reports, evaluations, analyses, statistical data and information to the Adviser, the Board or to the Fund’s Portfolios' officers and other service providers as the Adviser or the Board may reasonably request from time to time or as may be necessary or appropriate for the operation of the Trust as an open-end investment company or as necessary to comply with Section 3(a) of this Agreement; (g) Maintaining all required books and records as are required to comply with Section 3(a) of this Agreement with respect to the investment decisions, proxy voting decisions and securities transactions for the Fundeach Portfolio; (h) Furnishing any and all other services, upon reasonable request and subject to review by the Board, that the Adviser from time to time determines to be necessary or useful to perform its obligations under the Management Investment Advisory Agreement or as the Board may reasonably request from time to time; and (i) Provide information to the Trust’s Liquidity Program Administrator in support of each Fund’s compliance with Rule 22e-4.

Services of Sub-Adviser. The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of the Fundeach Portfolio, including but not limited to: (a) Managing, in its discretion, the investment and reinvestment of all assets, now or hereafter acquired by the Fundeach Portfolio, including determining what securities and other investments are to be purchased or sold for the Fund each Portfolio and executing transactions accordingly; (b) Transmitting trades to the Fund's each Portfolio’s custodian for settlement in accordance with the Fund's each Portfolio’s procedures and as may be directed by the Trust; (c) Assisting in the preparation of all shareholder communications, including shareholder reports, and participating in shareholder relations; (d) Making determinations as to the manner in which voting rights and/or any other rights pertaining to the Fund's each Portfolio’s securities holdings shall be exercised; provided, however, that any such determinations shall be subject to any policies, procedures or directives approved by the Board and provided to the Sub-Adviser; (e) Attending and participating in discussions and meetings with the Adviser with respect to Fund Portfolio investment policies and procedures, and carrying out such investment policies and procedures as are approved by the Board, Board or by the Adviser under authority delegated by the Board to the Adviser, Adviser and provided to the Sub-Adviser; (f) Supplying reports, evaluations, analyses, statistical data and information to the Adviser, the Board or to the Fund’s Portfolios’ officers and other service providers as the Adviser or the Board may reasonably request from time to time or as may be necessary or appropriate for the operation of the Trust as an open-end investment company or as necessary to comply with Section 3(a) of this Agreement; (g) Maintaining all required books and records with respect to the investment decisions, proxy voting decisions and securities transactions for the Fundeach Portfolio; (h) Furnishing any and all other services, subject to review by the Board, that the Adviser from time to time determines to be necessary or useful to perform its obligations under the Management Investment Advisory Agreement or as the Board may reasonably request from time to time; and (i) Provide information to the Trust’s Liquidity Program Administrator in support of each Fund’s compliance with Rule 22e-4.

Services of Sub-Adviser. The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of each Master Portfolio, or for such portion of the Fundassets of the Master Portfolios as the Adviser may determine from time to time, including but not limited to: (a) Managing, in its discretion, Managing the investment and reinvestment of all assets, now or hereafter acquired by the Fundeach Master Portfolio, including determining what securities and other investments are to be purchased or sold for the Fund each Master Portfolio and executing transactions accordingly; (b) Transmitting trades to the Fundeach Master Portfolio's custodian for settlement in accordance with the Fundeach Master Portfolio's procedures and as may be directed by the Trust; (c) Assisting in the preparation of all shareholder communications, including shareholder reports, and participating in shareholder relations, as reasonably requested by the Adviser or the Trust; (d) Making recommendations, or making determinations under authority delegated by the Adviser or the Trust, as to the manner in which voting rights, rights and/or to consent to Master Portfolio action and any other rights pertaining to the Fundeach Master Portfolio's portfolio securities holdings shall be exercised; provided, however, that any such determinations shall be subject to any policies, procedures or directives approved by the Board and provided to the Sub-Adviser; (e) Attending and participating in discussions and meetings with Making recommendations to the Adviser and the Board with respect to Fund Master Portfolio investment policies and procedures, and carrying out such investment policies and procedures as are approved by the Board, Board or by the Adviser under authority delegated by the Board to the Adviser, and provided to the Sub-Adviser; (f) Supplying reports, evaluations, analyses, statistical data and information to the Adviser, the Board or to the Fund’s Master Portfolios' officers and other service providers as the Adviser or the Board may reasonably request from time to time or as may be necessary or appropriate for the operation of the Trust as an open-end investment company or as necessary to comply with Section 3(a) of this Agreement; (g) Maintaining all required books and records as are required to comply with Section 3(a) of this Agreement with respect to the investment decisions, proxy voting decisions and securities transactions for the Fundeach Master Portfolio; (h) Furnishing any and all other services, upon reasonable request and subject to review by the Board, that the Adviser from time to time determines to be necessary or useful to perform its obligations under the Management Investment Advisory Agreement or as the Board may reasonably request from time to time; and (i) Provide information to the Trust’s Liquidity Program Administrator in support of each Fund’s compliance with Rule 22e-4.

Services of Sub-Adviser. The Sub-Adviser shall perform all services necessary for the management of the portfolio investments of the Fundeach Portfolio, including but not limited to: (a) Managing, in its discretion, Managing the investment and reinvestment of all assets, now or hereafter acquired by the Fundeach Portfolio, including determining what securities and other investments are to be purchased or sold for the Fund each Portfolio and executing transactions accordingly; (b) Transmitting trades to the Fund's each Portfolio’s custodian for settlement in accordance with the Fund's each Portfolio’s procedures and as may be directed by the Trust; (c) Assisting in the preparation of all shareholder communications, including shareholder reports, and participating in shareholder relations; (d) Making recommendations, or making determinations under authority delegated by the Adviser or the Trust, as to the manner in which voting rights, rights and/or to consent to Portfolio action and any other rights pertaining to the Fund's each Portfolio’s portfolio securities holdings shall be exercised; provided, however, that any such determinations shall be subject to any policies, procedures or directives approved by the Board and provided to the Sub-AdviserAdviser shall be given reasonable prior notice should the Adviser or the Trust determine to direct the Sub-Adviser in its exercise of such rights; (e) Attending and participating in discussions and meetings with Making recommendations to the Adviser and the Board with respect to Fund Portfolio investment policies and procedures, and carrying out such investment policies and procedures as are approved by the Board, Board or by the Adviser under authority delegated by the Board to the Adviser, and provided to the Sub-Adviser; (f) Supplying reports, evaluations, analyses, statistical data and information within its possession or control to the Adviser, the Board or to the Fund’s Portfolios’ officers and other service providers as the Adviser or the Board may reasonably request from time to time or as may be necessary or appropriate for the operation of the Trust as an open-end investment company or as necessary to comply with Section 3(a) of this Agreement; (g) Maintaining all required books and records with respect to the investment decisions, proxy voting decisions and securities transactions for the Fundeach Portfolio; (h) Furnishing any and all other services, subject to review by the Board, that the Adviser from time to time reasonably determines to be necessary or useful to perform its obligations under the Management Investment Advisory Agreement or as the Board may reasonably request from time to time; and (i) Provide information to the Trust’s Liquidity Program Administrator in support of each Fund’s compliance with Rule 22e-4-to-time.